700 W Main St
Norman, OK 73069
Retail Property For Lease · 11,040 SF

700 W Main Street holds a commanding corner a mile from The University of Oklahoma campus, providing an idyllic vantage point to thrive in the home of the Sooners. The 11,040 SF former CVS features a drive-thru benefiting from combined traffic counts of more than 34,000 vehicles per day and 450+ feet of frontage for prominent signage on 1.43 acres. The freestanding retail building sits on approximately 1.43 acres with an abundance of corner parking, a rare luxury this close to campus, creating the potential for outdoor seating and events. Ownership is also open to repurpose budgeting for qualified end-users so tenants can take this blank canvas and establish a novel identity in this vibrant college town. While The University of Oklahoma is the centerpiece of Norman, the town is prolific in its own right. It is the third-most populous city in the state and has grown by more than 15% since 2010, with no signs of slowing down. As the pandemic ravaged retail sectors across the nation, the college backbone of the town kept retail afloat, and vacancy rates only rose by seven-tenths of a percent at their peak. The more than 26,000 students enrolled at The University of Oklahoma and 225,321 residents in a 10-mile radius contribute to nearly $2.8 billion in annual consumer spending. Much of that revenue is concentrated in the immediate surroundings of 700 W Main Street with Norman’s Historic Downtown and its bustling thoroughfare of breweries, cocktail lounges, and trendy bistros a half-mile away. The property’s central location stands to draw an abundance of foot traffic with Norman High School across the street, some 500 apartment units less than a mile away, and its positioning next to a Sooner favorite, Old School Bagel Café. With a rare corner footprint in a town teeming with activity, 700 W Main Street is perfectly positioned to be the town’s new favorite destination. Just in time for the 2022 college football season.